$WCT is the native token of the WalletConnect network, an ERC‑20 token launched on the Optimism network, designed to enable a decentralized incentive and governance system within the WalletConnect ecosystem.
Main Uses
$WCT is used in a variety of vital functions within the network:
Governance: Allows token holders to vote on network improvements, fee structures, and development directions.
Staking: Node operators (Service Nodes) can stake $WCT to run nodes and contribute to securing the network, in exchange for rewards.
Economic Integration: The system rewards performance and service quality, and token holders can propose and implement future fees for the network after voting.
Token Distribution (Tokenomics)
Total supply: One billion WCT tokens maximum.
Distribution:
27% for the WalletConnect Foundation.
18.5% will be allocated for airdrops for users and early contributors.
The remainder is distributed among the project team, developers, incentives, and previous supporters.
Performance and Market Price
The current price ranges between approximately $0.30 to $0.37, depending on the source.
The total market cap ranges from $55 to $70 million, with a high daily trading volume ranging from $17 to $70 million.
The currency recorded its highest price at around $1.34–1.37 (ATH), while the lowest price was about $0.28.
Since its launch, the currency has seen a value jump of about 16× since the initial sale price in the IEO.
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Summary
$WCT is not just a financial asset but a cornerstone for building a decentralized and sustainable WalletConnect network. Through governance, operation, and performance incentives, $WCT enhances the community's ability to shape the future of user experience (UX) in the Web3 world. With notable trading availability and demand, $WCT stands out as one of the promising tokens that combines innovation with real application.
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WCT @walletconnect$
